MY Account Savings
A MY Account Savings Account (for those between 18 and 25 years of age) combines products and services young adults need the most. This account is geared to 'electronic' use, and is designed as the online financial services solution. With a minimum opening deposit of only $50, this account provides MY Account members the opportunity to build savings and the freedom of conducting all their personal finances online. Note: This membership does not confer credit union voting privileges.
When a MY Account member wishes to establish a checking account, the credit union offers an electronic checking option - e-Checking (including an ATM/Visa Debit card) - that is managed via the Internet. No paper checks* will be issued to the MY Account member.
- Earns interest just as Adult Savings Accounts do.
- Dividends are calculated on the Average Daily Balance and paid monthly. Click on Savings Rates for current rates on deposit accounts.
- Receive e-Statements monthly.
- Other e-Services options; e-Pay, e-Mobile banking, e-Alerts.
- MY Account members' funds on deposit are insured up to $250,000 per account by American Share Insurance, a private insurer, and up to an additional $250,000 by ESI (Excess Share Insurance).
- Once a MY Account member reaches the age of 26, the account must convert to a regular member account (with the appropriate minimum balance requirements).
* There is a $2.00 fee for each paper check, if any clear.
